Former PM says Starmer could face an even gloomier economic situation than he inherited from John Major

Keir Starmer’s Labour must accept it will not be able to tax and spend its way out of financial trouble, Tony Blair has warned.

The party’s former leader and ex-prime minister told the Financial Times the Conservatives had “taxed and spent to the point [of]… economic crisis” and said Starmer would be facing an even gloomier situation than he had inherited from John Major.

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